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The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was …
Persistent link: https://www.econbiz.de/10012969881
depreciation of the euro vis-à-vis advanced and emerging market economy currencies. Comparing the EAPP to previous ECB … global equity prices, bond yields and the euro exchange rate. We find that the EAPP announcement benefited global financial … markets by boosting equity prices in the euro area and the rest of the world. At the same time, the EAPP announcement caused a …
Persistent link: https://www.econbiz.de/10012971231
This paper contributes to the climate-economy literature by analyzing the role of weather patterns in influencing the transmission of global climate cycles to economic growth. More specifically, we focus on El Niño Southern Oscillation (ENSO) events and their interactions with local weather...
Persistent link: https://www.econbiz.de/10012846479
The current belief system that says “all will be well” if domestic price stability can be maintained is fundamentally flawed. If this can be achieved only through monetary, credit and debt expansion, the end result will be an increased risk of systemic crisis. Moreover, false beliefs about...
Persistent link: https://www.econbiz.de/10014131107